IMF approves US$178.7 million to Republic of Moldova

The Executive Board of the International Monetary Fund (IMF) on November 7, 2016 approved a three-yearblended extended arrangement under theExtended Fund Facility (EFF) and the Extended Credit Facility (ECF) with the Republic of Moldova to support the country’s economic and financial reform program.

The cumulative access under the arrangement is SDR 129.4 million (about US$178.7 million, or 75 percent of the Republic of Moldova’s quota).

An amount equivalent to SDR 26 million (about US$35.9 million) will be made available to the Moldovan authorities immediately following the approval of the arrangement.

The remaining amount will be phased in over the duration of the program, subject to five semi-annual program reviews.